AmEx Cashback Credit Card - 10% Bonus Cashback ($200 Cap) or $120 Cashback ($1200 Spend) - First 3 Months - New Card Member Only

70

Go to Deal

Cashback

PCapRogers on 01/08/2021 - 16:53 americanexpress.com (293 clicks)
Last edited 03/08/2021 - 13:44 by 2 other users

American Express is offering two choices of sign-up bonus, on their American Express Cashback Credit Card -

• 10% Bonus Cashback (up to $200)

OR

• $120 back (min. spend $1.2k)

For the first 3 months, when you apply online on this page by 23 August 2021 and are approved. T&Cs apply. New Card Members only.

Looks like this is a targeted Facebook offer that I got shown on Facebook. I have checked their website and can't see these offers on there. There disclaimer says "You must apply through the page to be eligible for these offers."

Card benefit details -

• 1% Cashback per $1 spent (excluding Government Spend where you earn 0.5%)
• 1.5% Bonus Cashback per $1 spent when you shop at participating Shop Small businesses (up to $200, until 31 March 2022)
• Complimentary monthly BINGE Basic Subscription (valued at $10 per month)
• Complimentary 12 month subscription to Centr Fitness App (valued at $119.99, offer ends 14 February 2022)
• Amex Offers & Experiences
• Smartphone Screen Insurance
• Purchase, Refund & Fraud Protection
• Access to American Express Plan It - break your monthly balance into 3/6/12 monthly instalments
• Up 4 Additional Cards, at no extra fee

Important details -

Minimum Income - $40k
Monthly Fee - $10
Offer Ends - 23 August 2021

Related Stores

American Express

• 

  clx on 01/08/2021 - 17:11

  +4

  Big proviso in the T&Cs for the bonus cashback - "Card Members who currently hold or who have previously held any Card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this offer. "

• 

  encryptededdy on 01/08/2021 - 17:14

  +2

  Wait but why would you ever pick the $120 option? If you hit the 1.2k minimum spend with the 10% option then you would've gotten $120 anyway, plus the possibility of earning $80 more.

  • 

    clx on 01/08/2021 - 17:24

    +1

    yeah. I don't understand that either. seems to be no downside to picking the 10% option

  • 

    XtaC on 01/08/2021 - 18:08

    -1

    Its the minimum spend what you wanna pick its confusing but its just your potential spend you either gotta spend min 1.2k with the $120 cb option or 2k min spend for the 10%

    • 

      clx on 01/08/2021 - 20:55

      +1

      No, it's not a 2k min spend for the 10% option. It says if you spend 2k then you get the full $200 cashback. See T&C 1a and compare it with 1b for the other option. 1a doesn't have a min spend

• 

  sfac on 01/08/2021 - 17:49

  Monthly fee - $10.

  The cashback credit cards in USA have no annual fees but not in Aus. Anyone knows why?

  • 

    alphonts on 01/08/2021 - 17:50

    Ever since they regulated credit card years ago the rewards on credit cards dropped in Australia significantly. They’ll never be as good as the cards in the USA anymore

  • 

    blighst on 01/08/2021 - 21:05

    Interchange fees aren't regulated in the US, so rewards are a lot higher on cards (at the cost of it costing merchants more to accept card).

• 

  KangaDrew on 01/08/2021 - 18:24

  So you basically don't start earning any cashback until after the first $1000 spend each month as that offsets the monthly fee? Am I reading that correctly?

  • 

    burgermaniac on 01/08/2021 - 19:04

    +1

    Looking at the card, yes. After the first 3 months it appears to be that

  • 

    encryptededdy on 01/08/2021 - 21:46

    +1

    Yes, unless you value the BINGE Basic Subscription I suppose

    • 

      KangaDrew on 01/08/2021 - 22:37

      Nothing about that offer appeals to me personally. And getting a credit ding for $90 isn't worth it.

      As far as the Binge subscription goes, I wouldn't touch it even if it was free.